New Delhi: The ownership and control of AirAsia India would remain with Indian nationals under its Brand Licensing Agreement (BLA) with its parent company, Malaysia’s AirAsia Berhad, aviation regulator DGCA said on Thursday. The submission by the Directorate General of Civil Aviation (DGCA) before the Delhi High Court was made in response to the allegation of the Federation of Indian Airlines (FIA) that as per the BLA, the ownership and control of the airline was with the foreign entity.
On FIA’s plea, the court had on November 11 last year asked DGCA to peruse the BLA between AirAsia India and AirAsia Berhad to determine who controls the low-cost carrier. The DGCA report said “based on the review of BLA along with provisions of Aircraft Rules 1937 and definition of control as provided in FDI policy, I do not find that the terms and conditions laid down in BLA dilute the substantial ownership and effective control of AirAsia India vested with Indian nationals.”
It also said that the “status of issuance of air operator permit (or flying licence) to AirAsia India does not change”. Meanwhile, AirAsia India opposed BJP leader Subramanian Swamy’s application to make R Venkataramanan, Managing Trustee of the Sir Dorabji Tata Trust and a member of the Board of AirAsia India Pvt Ltd, a party in the case.
23/02/17 PTI/Indian Express
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On FIA’s plea, the court had on November 11 last year asked DGCA to peruse the BLA between AirAsia India and AirAsia Berhad to determine who controls the low-cost carrier. The DGCA report said “based on the review of BLA along with provisions of Aircraft Rules 1937 and definition of control as provided in FDI policy, I do not find that the terms and conditions laid down in BLA dilute the substantial ownership and effective control of AirAsia India vested with Indian nationals.”
It also said that the “status of issuance of air operator permit (or flying licence) to AirAsia India does not change”. Meanwhile, AirAsia India opposed BJP leader Subramanian Swamy’s application to make R Venkataramanan, Managing Trustee of the Sir Dorabji Tata Trust and a member of the Board of AirAsia India Pvt Ltd, a party in the case.
23/02/17 PTI/Indian Express
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